Tag: IMF

The IMF goes to war in Ukraine

The IMF has approved a $17 billion loan to Ukraine. The first $3,2 billion tranche has been received today. It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, […]

Egypt – a Pendulum of Chaos

What is happening in Egypt? Is the overthrow of the country’s Islamist president a symbol of American failure? Will the military’s rise to power, followed by a new, perhaps secular government, help to normalize the situation? When Mubarak was toppled, the military made no move to intervene.  And this was […]

BRICS’ Rising Profile

The 3-4 November 2011 G-20 summit at Cannes that grappled with various raging issues governing the world economy particularly the Euro zone crisis also brought into focus the rising profile of BRICS as a major player towards resolving global issues including the financial crisis. As rightly pointed out by Russia’s […]

Covering the Somalian Famine

The experience of Somalia shows that famine in the late 20th century is not a consequence of a shortage of food. On the contrary, famines are spurred on as a result of a global oversupply of grain staples. Since the 1980s, grain markets have been deregulated under the supervision of […]